Me and my wife are buying residence in Westcombe Park. My lawyer is not on the lender conveyancing panel. Is it possible for me to appoint my Westcombe Park conveyancing solicitor even though they are not on the mortgage company panel?
One will need to use a solicitor to complete the formalities when you take out a loan to purchase your home. They will conduct all the appropriate due diligence on the property, ensuring that you’re properly registered as the owner and ensure that all the required mortgage paperwork is in place. One can appoint a Westcombe Park lawyer of your choosing. However, if the lawyer selected is not on the bank solicitor panel further costs will arise as separate legal representation will be required by them. Conveyancing panel applications can be submitted, so provided your conveyancer has not historically applied for membership they should take the opportunity to apply.
Last February we completed a house move in Westcombe Park. We have noticed several issues with the property which we believe were overlooked in the conveyancing searches. Is there anything we can do? Can you clarify the nature of searches that should have been carried out as part of conveyancing in Westcombe Park?
It is not clear from the question as what problems have arisen and if they are relate to conveyancing in Westcombe Park. Conveyancing searches and due diligence undertaken during the legal transfer of property are carried out to help avoid problems. As part of the process, a property owner answers a questionnaire known as a Seller’s Property Information Form. If the information proves to be misleading, you could possibly take legal action against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Westcombe Park.
Will our solicitor be making enquiries concerning flooding as part of the conveyancing in Westcombe Park.
The risk of flooding is if increasing concern for lawyers dealing with homes in Westcombe Park. Plenty of people will acquire a property in Westcombe Park, completely expectant that at some time, it may be flooded. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, but there are a various searches that can be undertaken by the purchaser or by their lawyers which should figure out the risks in Westcombe Park. The conventional set of information sent to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the owner to determine whether the property has historically flooded. If flooding has previously occurred and is not revealed by the seller, then a buyer could issue a legal claim for losses as a result of such an misleading answer. A purchaser’s lawyers will also commission an enviro report. This should reveal if there is any known flood risk. If so, more detailed inquiries will need to be conducted.
I used Stirling Law several years past for my conveyancing in Westcombe Park. I now require my papers but the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Westcombe Park of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I have been on the look out for a ground for flat up to £195,000 and identified one round the corner in Westcombe Park I like with amenity areas and station nearby, however it's only got 61 remaining years left on the lease. There is not much else in Westcombe Park in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage the remaining unexpired lease term will be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you could request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
Being a tenant I am liable for a maintenance fee for my appartment in Westcombe Park. Due to losing my job and other issues I slipped behind with remittance. The freeholders agreed a settlement plan but there remains approximately £3000 currently due.
I now wish to sell and I am worried this may jeopardize the sale if I have to settle the amount due now. I'd like to sell up and subsequently repay the arrears from the completion monies - is this achievable?
The property lawyer undertaking your Westcombe Park sale should be in a position to negotiate with the management company, with a new to seeing if they would accept settlement out of the completion monies. This is indicative of why it might be good to appoint a property lawyer in Westcombe Park as they may well have an established relationship with the management company.